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Business news, data and economic statistics for the Boulder Valley and Northern ColoradoFri, 13 Sep 2019 21:42:33 +0000en-UShourly1https://wordpress.org/?v=4.9.11Points West opens new Fort Collins bank branchhttps://bizwest.com/2019/09/13/points-west-opens-new-fort-collins-bank-branch/
https://bizwest.com/2019/09/13/points-west-opens-new-fort-collins-bank-branch/#respondFri, 13 Sep 2019 19:21:08 +0000https://bizwest.com/?p=241713FORT COLLINS — Points West Community Bank has opened its first Fort Collins branch at 3227 S. Timberline Road, the former home of Home State Bank. “We see this as an amazing opportunity to better serve our existing customers and expand our community banking footprint for businesses and consumers in the Fort Collins area,” Points West president Mark Brase said in a prepared statement. A grand opening celebration will be scheduled in the near future, according to a Points West news release. BizWest reported in July the Windsor-based bank’s intent to open the Fort Collins branch along with its first Loveland location. The Loveland branch is expected to open this fall. The bank also has branches in Wellington and Greeley. Points West has nearly $256 million in assets and just over $215 million in total deposits, according to data from the Federal Deposit Insurance Corp.

]]>https://bizwest.com/2019/09/13/points-west-opens-new-fort-collins-bank-branch/img_0012/feed/0Surna looks to spark investor interesthttps://bizwest.com/2019/09/13/surna-looks-to-spark-investor-interest/
https://bizwest.com/2019/09/13/surna-looks-to-spark-investor-interest/#respondFri, 13 Sep 2019 19:02:11 +0000https://bizwest.com/?p=241711BOULDER — Leaders from Boulder-based Surna Inc. (OTC: SRNA), a manufacturer of indoor cannabis-cultivation systems that has its sights set on a Nasdaq listing, will hit the road this fall and winter to drum up interest from investors. The company will participate in the Fall Investor Summit 2019 held this month in New York and the LD Micro Main Event held in December in Los Angeles. Surna CEO Tony McDonald will present at these events and also plans to meet one-on-one with investors. “Having achieved record Q2 2019 revenue as well as our first-ever quarterly profit, we have initiated our inaugural direct investor outreach program, as part of a broader effort to engage the investor community and share Surna’s progress,” McDonald said. “Through these micro-cap conferences, we hope to expand our investor base, increase our institutional ownership, and improve our liquidity.” Surna posted record revenues of $4.2 million in the second quarter of fiscal year 2019, the firm’s first profitable quarter.

]]>https://bizwest.com/2019/09/13/surna-looks-to-spark-investor-interest/feed/0Boulder aerospace firm Advanced Space signs $13.7M NASA contracthttps://bizwest.com/2019/09/13/boulder-aerospace-firm-advanced-space-signs-13-7m-nasa-contract/
https://bizwest.com/2019/09/13/boulder-aerospace-firm-advanced-space-signs-13-7m-nasa-contract/#respondFri, 13 Sep 2019 18:58:26 +0000https://bizwest.com/?p=241710BOULDER — Advanced Space LLC has landed a $13.7 million contract with NASA to build a satellite to scout an orbit of the moon in preparation for the agency’s “Gateway” mission. According to a press release from the agency, Advanced Space will send a satellite the size of a microwave into the moon’s orbit to determine how fast it moves in comparison to other satellites. By determining that path, NASA will figure out where to position the Gateway, a planned stopoff point for astronauts as they head off to the moon’s surface. NASA plans to land astronauts on the moon by 2024, 55 years after Neil Armstrong and Buzz Aldrin first stepped on the lunar body. The Advanced Space mission could launch as soon as December 2020. NASA also tapped Westminster-based Maxar Technologies Inc. (NYSE: MAXR) to run a spaceflight demonstration for the Gateway project this May, with scheduled delivery in 2022.

]]>https://bizwest.com/2019/09/13/boulder-aerospace-firm-advanced-space-signs-13-7m-nasa-contract/feed/0Funding Friday: Heska raises outside stock market, IT and AI firms raise north of $12M eachhttps://bizwest.com/2019/09/13/funding-friday-heska-raises-outside-stock-market-it-and-ai-firms-raise-north-of-12m-each/
https://bizwest.com/2019/09/13/funding-friday-heska-raises-outside-stock-market-it-and-ai-firms-raise-north-of-12m-each/#respondFri, 13 Sep 2019 18:55:01 +0000https://bizwest.com/?p=241709Welcome to Funding Friday, BizWest’s weekly roundup of companies in Northern Colorado and the Boulder Valley kicking off fundraisers. BizWest reports fundraisers by companies in Boulder, Broomfield, Larimer and Weld counties, as well as Brighton and Westminster through regulatory filings, press releases and other sources. Did we miss a company’s round? Email us at news@bizwest.com. Some notable rounds this week: Heska Corp. (Nasdaq: HSKA) launched a $75 million private debt offering after the close of trading Wednesday to pay off existing debt and fund potential acquisitions, with the new debt scheduled to reach maturity by 2026. The off-market sale caused a spike in trading volume as stockholders sold shares, pushing the stock’s sale price almost 10 percent at the start of trading Thursday. Unsupervised.com Inc., an AI data analysis company, raised $12.75 million in its seed funding round, with $1.09 million remaining for sale. Liqid Inc., a Broomfield IT infrastructure platform maker, reported raising $12.3 million Monday, with $7.7 million still available in the offering. InDevR Inc. completed a $7 million Series A round Tuesday, led by life science investment group Adjuvant Capital. The Boulder company, which was a winner of a 2018 BizWest IQ Award, plans to use the funds to promote its flu vaccine potency test and to develop other products. Other filings this week (Source: Securities and Exchange Commission): Mindpass Inc., Boulder, $500,000 raised in indefinite funding round Secteur 6 LLC, Longmont, $695,000 raised in $1 million round Brava Diagnostics, Inc., Boulder, $250,000 raised out of $1.5 million round, deal includes debt and convertible promissory notes Boulder AI, Boulder, Innosphere Fund said Wednesday it had made an investment in the company. Innosphere did not disclose its investment and the company has yet to file a disclosure as of 2 p.m. Sept. 13.

]]>https://bizwest.com/2019/09/13/funding-friday-heska-raises-outside-stock-market-it-and-ai-firms-raise-north-of-12m-each/feed/0FRCC’s new bachelor’s nursing program launches in Octoberhttps://bizwest.com/2019/09/13/frccs-new-bachelors-nursing-program-launches-in-october/
https://bizwest.com/2019/09/13/frccs-new-bachelors-nursing-program-launches-in-october/#respondFri, 13 Sep 2019 18:50:40 +0000https://bizwest.com/?p=241708Front Range Community College, which has campuses in Longmont, Westminster and Fort Collins, will begin offering bachelor’s degrees for nursing students in October. Previously, the college offered only associate’s degrees in the field. FRCC’s program allows nurses who have already completed their associate’s degrees, or students currently in FRCC’s nursing program, to earn a Bachelor of Science. “Our [bachelor’s degree completion] option will allow more of our trained, skilled nurses to graduate and go directly into the workforce,” FRCC nursing program director Edith Matesic said in a prepared statement. The college estimates the state will face an annual 4,500-employee shortage of nurses with four-year degrees by 2024. We’re providing students with an affordable route to good jobs in their home state,” Matesic said. “Most of the coursework for this program is delivered online, so students can register through any of FRCC’s three campuses — and work with nursing experts close to where they live or work.”

]]>https://bizwest.com/2019/09/13/frccs-new-bachelors-nursing-program-launches-in-october/feed/0PanTheryx adds Dr. Oz to boardhttps://bizwest.com/2019/09/13/pantheryx-adds-dr-oz-to-board/
https://bizwest.com/2019/09/13/pantheryx-adds-dr-oz-to-board/#respondFri, 13 Sep 2019 18:47:17 +0000https://bizwest.com/?p=241707BOULDER — PanTheryx Inc. is adding daytime talk show host Dr. Mehmet Oz, known just as “Dr. Oz,” to its corporate board. In a press release Friday, the Boulder-based biologics company said Oz will primarily act as an adviser on company strategy. PanTheryx makes medical foods and treatments for gastrointestinal infections and bases those products on colostrum, the first milk produced by mammals after they give birth. Newborn animals need colostrum to gain passive immunity to disease. The company last landed a $50 million investment from New York-based investment firm Perceptive Partners in June. CEO Mark Braman previously told BizWest the company plans to start clinical trials of its medicinal foods candidates with the U.S. Food and Drug Administration by the end of the year, and to have biologic treatments in trials by Q1 2020. Last year, PanTheryx’s chief medical officer Mark Grabowsky penned a post sponsored by the company on Dr. Oz’s website promoting colostrum.

]]>https://bizwest.com/2019/09/13/pantheryx-adds-dr-oz-to-board/feed/0NoCo cohort for CiviCO academy determinedhttps://bizwest.com/2019/09/13/noco-cohort-for-civico-academy-determined/
https://bizwest.com/2019/09/13/noco-cohort-for-civico-academy-determined/#respondFri, 13 Sep 2019 18:42:26 +0000https://bizwest.com/?p=241706FORT COLLINS — The first Northern Colorado group to be part of the CiviCO Leadership Academy, a statewide cross-sector, cross-region program designed to build leadership bridges in the state, has been named. “We believe this program will be transformational,” Suzanne Peterson, chair of the Community Foundation of Northern Colorado Board of Trustees, said in a statement announcing the list of participants. “Our excitement not only stems from each participant’s leadership development opportunity, but we also believe this is a program that can help build stronger regional cooperation here in Northern Colorado while also establishing stronger connections between our region and the rest of the state,” she said. Members of the Northern Colorado group are: Darin Atteberry, Fort Collins city manager. Chris Banks, chief financial officer and co-owner of Odell Brewing Co. Inc. Ray Caraway, president, Community Foundation of Northern Colorado. Chase Christensen, broker, Cushman & Wakefield. John Dellenbach, executive manager, Dellenbach Motors. Jennifer Guerriero, CEO of Light Center Inc. Ann Hutchison, executive vice president, Fort Collins Area Chamber of Commerce. Douglas Johnson, chair, TIGER21. Mindy McCloughan, CEO and president, Loveland Chamber of Commerce. Kevin Mullin, executive director, Estes Park Health Foundation. Roy Otto, Greeley city manager. Brent Porter, construction manager, Nutrien Ag Solutions. Michelle Provaznik, executive director, Gardens on Spring Creek. Kim Tobin, vice president, Colorado State University. Cheryl Zimlich, executive director, Bohemian Foundation. Participants will be involved in a nine-month program that combines a digital curriculum offered by McKinsey and Co., one-on-one executive coaching and personal development planning with BetterUp, and hands-on training led by CiviCO. After a two-year pilot program in the Denver area, CiviCO partnered with groups such as the Community Foundation of Northern Colorado to offer programs in specific regions. In addition to Northern Colorado, programs will be conducted in Colorado Springs and Grand Junction. “Across the country, we have never seen a true leadership program to bridge communities across a state,” said co-chair Ryan Heckman. “The CivicCO Leadership Academy will be that first transformational opportunity that includes participants from communities across Colorado,” he said.

]]>https://bizwest.com/2019/09/13/noco-cohort-for-civico-academy-determined/feed/0Colorado company faces scrutiny for fraudhttps://bizwest.com/2019/09/13/colorado-company-faces-scrutiny-for-fraud/
https://bizwest.com/2019/09/13/colorado-company-faces-scrutiny-for-fraud/#respondFri, 13 Sep 2019 13:00:41 +0000https://bizwest.com/?p=241702GREENWOOD VILLAGE — A Colorado company, Genexe Health LLC, has caught the attention of investigators from CBS News, which reported this week that the company engaged in what could be considered fraudulent activity that targets Medicare recipients. The report said that the company is under federal investigation for promising genetic testing, billing Medicare thousands of dollars for the tests, but then not delivering the results to patients.

]]>https://bizwest.com/2019/09/13/colorado-company-faces-scrutiny-for-fraud/feed/0Downtown Artery to close part of its operationshttps://bizwest.com/2019/09/13/downtown-artery-to-close-part-of-its-operations/
https://bizwest.com/2019/09/13/downtown-artery-to-close-part-of-its-operations/#respondFri, 13 Sep 2019 12:56:50 +0000https://bizwest.com/?p=241701FORT COLLINS — The Downtown Artery in Fort Collins will close its music venue and cafe on Nov. 1. The Coloradoan reported that the property in which the facility is located was recently sold, and operators of the Artery decided to consolidate operations into one of the floors currently used.